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Recently it was found that most of the private banks in India have been charging goods and services tax on the remittance transactions done by business correspondents.
E-way bill was introduced earlier this year as part of the GST Tax System. It was aimed at making transportation of goods or consignments within or outside state boundaries more transparent and accountable.
The Kerala AAR’s has recently ruled that threshold exemptions will be applicable on the individual earnings of co-owners who are participants in a jointly owned property.
Exporters and the overseas shipments are in liquidity problems as the government has held more than 22,000 crores as stated by the FIEO recently.
Goods and services tax made a lot of changes to the indirect tax structure prevalent earlier than 1st July 2017 and made huge changes to make it accurate and uncomplicated as compared to past tax projects.
As pointed by the purchasers, a Maggi noodles merchant has gone under the scanner for not passing on the advantages of goods and services tax (GST). A complaint was upheld in the same regard by National Anti-Profiteering Authority
The Bihar Deputy Chief Minister and GST Network GoM panel head Sushil Kumar Modi hinted towards the abolishment of the highest GST rate in the slab i.e. 28% as soon as possible.
The cab based startup has come up in open and filed an appeal to question the rule of GST law in which it is mentioned that all the cab operators have to pay GST on the fares collected by the drivers or cab owners.
Gujarat high court has given some relief to the exporters who have been charged for illegally availing tax exemptions as the court has told the anti-smuggling intelligence agency to behold their action against them.
